EURGBP is forming a sideways pattern at its lows and the technical picture favors one more leg up and a potential breakout.
We open BUY orders at current levels (0.8400-05) adding more at 0.8380. We will set the stops below 0.8368 targeting 0.8430-35. If price breaks above 0.8430 on an hourly close we will buy again for 0.8470-80 target, setting the stops below...
EURUSD is forming a sideways pattern at the lows and the bottom of the daily channel. We believe that an up leg is in the making and it will lead at the 1.1320-25 resistance.
We are Buyers at current levels setting the stop below 1.1240 targeting 1.1315-20. Initial resistance at 1.1300
EURUSD is showing signs of reversal after last week drop. As we can see in the hourly chart price has stalled and formed a sideways formation at 1.1430-50 area, while RSI has already formed an uptrend.
In the Daily chart below we can see that the trendline that joins the major lows during the downtrend from June is being tested again.
We will ise an hourly close...
USDCAD could finished ABC sidways price action by testing fibo 1.27 posiiton. The breakingout sign did now show up. Follow main trend on daily chart, sell for a new leg down to bottom support level or a new low using fibo to calculate.
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
Your Real Entry Position Will Make Different RR for Your...
Next support level is 8.00, 2nd support level is 7.70
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
The four-hour chart of the EUR / USD pair. The currency pair is consolidating in a narrow range. The price is still holding below the resistance area formed between the daily and 4-hour super trend lines. Therefore, the main scenario remains with the price exit from the sideways downward.
Trading solution: sell 1.1620 take profit 1.1550
Have a nice trade!
AUDUSD is testing the top of its sideways formation showing signs of reversal with candles formations and RSI at overbought levels. We are sellers at current levels with stops above the highs, targeting 0.7485 and 0.7475
This pair is moving in a market range from 0.84244-0.84687.
Currently, the pair is having a positive bullish reaction
from the area of 0.842744-0.84274.
RSI is still in the range of 30-70
Make Buy at current price (0.84304-0.84319)
Stop Loss at 0.84188
Takeprofit 1 at 0.84423
Takeprofit 2 at 0.84588
USDCAD is on my selling list since long time ago.
It provides several selling position that could be a nice sample as selling with trend.
Now sideways seems to finish or a good position to take a risk to setup a nice selling order...
BTC.D broke through 47% resistance but could not confirm
BTC then broke down through previous support
Possible Cup and Handle pattern starting to form
Bitcoin resting down in shorter term
Weeks/Months out, this could be extremely bullish for hodl'ers
Could indicate 80-100 by year end
Important things to note:
ALTS are trading sideways mostly as I said would happen.
ADA price should pullback a bit short term and bounce.
ADA also in descending wedge (longer term).
Waiting on BTC.D to drop.
When BTC.D falls, alt pairs will start moving upwards.
Most alts are consolidating strongly.
Very slow PA right now.
We had a great breakout above the down trend and the neck line together, showing major sign of strength, however got rejected from the dangerous neck line. It's good that it was surpassed and now it's weakened.
Downside target of a retracement and a retest of the down trend line happens to intersect with Fibonacci 0.382 at 49.600. If that is lost, we...
Bitcoin is doing the same thing. BTC dumping at night and go below $41,000 and instantly bounced back from there. BTC breaks the $42,500 and now the next major resistance is $43,800-$44,200 and BTC need to break this resistance this time. If we get a rejection from this level then we might see price retesting $40,000-$40,500 support again. This is no trade zone....
The cumulative limit is also traded between support and resistance. So far, the main support is provided by Total marketcap. This is a key level for the market, and if the $ 1.7 trillion support is broken, we will see a huge sell-off. Also, BTC still holds $ 40,000. The market turns bullish after the total market capitalization exceeds $ 2 trillion. Watch...
As I expected in the previous idea, the formation of a sideways trend has begun. Most likely, further trading is going on and will be exactly in this range. If the price does not break through the upper border of the ascending channel now, the next sideways movement will be drawn. Both scenarios have equal chances, but if I were you, I would prepare a short.